SoftGuide > Functions / Modules Designation > Target/actual comparisons

Target/actual comparisons

What is meant by Target/actual comparisons?

Variance analysis involves comparing actual results (actual values) with planned or expected values (target values). These comparisons help identify deviations, assess performance, and implement potential improvement measures.

Typical Functions of Software in the Field of "Variance Analysis":

  1. Data Integration: Integration of data from various sources such as ERP systems, financial accounting, or production systems to capture comprehensive actual data.

  2. Automatic Calculation: Automatic calculation of deviations between target and actual values in various areas such as finance, production, sales, or personnel.

  3. Visualization: Graphical representation of variance analyses using charts, tables, and dashboards to make deviations easily identifiable.

  4. Report Generation: Creation of detailed reports on deviations, their causes, and possible impacts.

  5. Alert Functions: Setting up notifications and alert systems that automatically send alerts to responsible parties in case of significant deviations.

  6. Trend Analysis: Analysis of trends over different periods to identify recurring deviations and long-term developments.

  7. Planning Adjustment: Ability to adjust plans and budgets based on the results of variance analyses.

  8. Benchmarking: Comparing actual values with industry benchmarks or best practices to evaluate own performance.

Examples of Variance Analyses:

 

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The function / module Target/actual comparisons belongs to:

Methods / Optimizations

Actual, target and planned costs

Software solutions with function or module Target/actual comparisons:

GEBRA-Suite
GEBRA-Suite
 
 
 
 
 
 
Customized business applications with flexible modules
OC:Planner - Service Planning for Healthcare and Social Services
Staff scheduling, working time management, time recording, access
elKomKONS
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
rexx HR - Vacation Manager
Vacation management, absence management
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
CIO Cockpit
CIO Cockpit
 
 
 
 
 
 
Create transparency in your IT - for more efficiency and cost optimisation.
ZEP
ZEP
 
 
 
 
 
 
Time Tracking for Projects & Employees
myPARM - Multi-project management software
Multi-project management and PPM software
ESG ASSISTANT (MR.KNOW)
Digital assistant for the implementation of ESG regulations
rexx HR - Personnel Management / Digital File
Personnel Management / Digital Personnel File
Show all 24 programs with Target/actual comparisons